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  • UK economy showing signs of ‘zombie apocalypse,’ says think tank

    Economics

    The UK economy faces a “zombie apocalypse” in the coming year, as years of tough trading conditions force thousands of unproductive firms to the wall, an influential left-leaning think tank has predicted. The Resolution Foundation forecasts a “triple whammy” of multi-year increases in interest rates, energy prices and the minimum wage will lead to the [...]

    Rachel Reeves Spring Statement
  • Cautious Brits plan to cut spending ahead of Golden Quarter

    Economics

    Nearly three quarters of Brits plan to cut spending for the rest of 2025 as consumers continue to prioritise saving over splashing out. While consumer sentiment has remained flat at -5 over summer, inflation worries have been rising and nearly nine in ten Brits now report concerns, according to the latest Consumer Sentiment Survey from [...]

    Brits are being forced to raid their savings to get by
  • Meat and coffee prices drive grocery price inflation

    Retail

    Grocery price inflation in the UK passed five per cent in September to its highest level since July after the cost of fresh meat and coffee jumped. Like-for-like grocery price inflation rose to 5.2 per cent over the four weeks to 5 October versus the same period last year, according to the latest figures from Worldpanel [...]

    Just under two thirds of households say they are concerned about the cost of their food shop
  • Living standards warning: ‘the decade looks bleak’

    June 26, 2025

    British families will not see their income grow in the next five years while pensioners will be £1,500 better off, economic researchers have projected in a “bleak” analysis that cast a shadow over government plans to boost households’ budgets.  Chancellor Reeves claimed at this year’s Spring Statement that Britons would be £500 better off each [...]

  • Consumer confidence rises in February but cost-of-living crisis ‘far from over’

    February 21, 2025

    Brits’ confidence rose in February, fueled by better personal finances and a brighter outlook on the general economy. However, confidence remained down on last year. GfK’s index measuring changes in personal finances during the last year rose three points to -7, seven points better than February 2024. The major purchase Index rose three points to [...]

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